CoreWeave (CRWV) Q2 earnings report 2025

CoreWeave shares fell about 6% in prolonged buying and selling on Tuesday even because the supplier of synthetic intelligence infrastructure beat estimates for second-quarter income

Here’s how the corporate did compared with LSEG consensus:

• Earnings per share: Loss of 21 cents
• Revenue: $1.21 billion vs. $1.08 billion anticipated

Revenue greater than tripled from $395.4 million a yr earlier, CoreWeave mentioned in a statement. The firm registered a $290.5 million web loss, in contrast with a $323 million loss in second quarter of 2024. CoreWeave’s earnings per share determine wasn’t instantly comparable with estimates from LSEG.

CoreWeave’s working margin shrank to 2% from 20% a yr in the past due primarily to $145 million in stock-based compensation prices. This is CoreWeave’s second quarter of full monetary outcomes as a public firm following its IPO in March.

CoreWeave pointed to an enlargement in enterprise with OpenAI, a serious shopper and investor. Also through the quarter, CoreWeave acquired Weights and Biases, a startup with software program for monitoring AI fashions, for $1.4 billion.

In May, administration touted 420% revenue growth, alongside widening losses and almost $9 billion in debt. The inventory nonetheless doubled anyway over the course of the subsequent month.

CoreWeave shares became available on Nasdaq on the finish of the primary quarter, after the corporate offered 37.5 shares at $40 every, yielding $1.5 billion in proceeds. As of Tuesday’s shut, the inventory was buying and selling at $148.75 for a market cap of over $72 billion.

A CoreWeave knowledge middle venture with as much as 250 megawatts of capability is ready to be delivered in 2026, the corporate mentioned within the assertion.

Executives will talk about the outcomes and problem steerage on a convention name beginning at 5 p.m. ET.

This is breaking information. Please examine again for updates.

WATCH: Citi’s Tyler Radke’s bullish call on CoreWeave, upgraded to buy